Global Garbage Collection Trucks Industry

Global Garbage Collection Trucks Industry

  • April 2021 •
  • 373 pages •
  • Report ID: 5899562 •
  • Format: PDF
Abstract:
- Global Garbage Collection Trucks Market to Reach $8.6 Billion by 2027
- Amid the COVID-19 crisis, the global market for Garbage Collection Trucks estimated at US$6.8 Billion in the year 2020, is projected to reach a revised size of US$8.6 Billion by 2027, growing at a CAGR of 3.5% over the analysis period 2020-2027. Front Loaders, one of the segments analyzed in the report, is projected to record a 3.3% CAGR and reach US$2.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rear Loaders segment is readjusted to a revised 3.2% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 7% CAGR
- The Garbage Collection Trucks market in the U.S. is estimated at US$1.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2027 trailing a CAGR of 6.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2% CAGR.
- Side Loaders Segment to Record 4% CAGR
- In the global Side Loaders segment, USA, Canada, Japan, China and Europe will drive the 3.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.8 Billion in the year 2020 will reach a projected size of US$2.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Billion by the year 2027, while Latin America will expand at a 4.9% CAGR through the analysis period.

- Select Competitors (Total 46 Featured) -
  • Bridgeport Manufacturing
  • Ceec Trucks Industry Co., Ltd.
  • Curbtender Inc.
  • Dongfeng Motor Group Co., Ltd.
  • Environmental Solutions Group
  • EZ-Pack Refuse Hauling Solutions LLC
  • FAUN Umwelttechnik GmbH & Co. KG
  • Fujian Longma Environmental Sanitation Equipment Co. Ltd.
  • Geesinknorba Ltd.
  • Labrie Enviroquip Group
  • McNeilus Truck & Manufacturing, Inc.
  • Pak-Mor Ltd.
  • Terberg Group B.V.
  • Zoomlion Heavy Industry Science & Technology Co., Ltd.